The New Enterprise Organization Chapter 12 Test Bank Answers

Technology Ventures (Byers), 5e

Chapter 12 The New Enterprise Organization

1) What is the difference between a team and group?

A) A clear leader takes charge in a group

B) Members of a team feel responsible for the collective output

C) Teams have an equal division of equity

D) Groups are organizationally horizontal

2) The biggest advantage of a team is its diversified skillset.

3) Vinod Khosla suggests asking this key question when assembling a team.

A) Who do I know?

B) What do I know?

C) What do I not know?

D) Who do I not know?

4) What does it mean when the board of directors of a company has "fiduciary responsibility"?

A) They must act in the best interest of stockholders

B) They generally have equity and a share of the profits of the company

C) They can invest in a later funding round pro-rata

D) They want to make a 10x return or better on their investment

5) Compensation to the board of directors is normally in the form of standardized salary.

6) Flexible organizations that effectively adapt to change are called ________.

A) Organic

B) Disruptive

C) Enterprise

D) Technologists

7) Which of the following is not a condition that increases the need for relational coordination?

A) Reciprocal interdependence

B) Uncertainty

C) Time constraints

D) Agile development

8) In a collaborative structure, the operating unit is the team.

9) Steve Jobs often focused on competitors to bring the company together. What was Apple's competitor to beat for the longest time?

A) IBM

B) Microsoft

C) Disney

D) Google

10) Sheryl Sandberg is the COO of Facebook and during an all hands meeting emphasizes the amount of revenue that needs to be reached for the company to become profitable. Sheryl embodies a ________ leader.

A) supporting

B) directing

C) coaching

D) delegating

11) Which is not one of the seven traits of a leader?

A) Continuous improvement

B) Disruptive

C) Focus

D) Authenticity

12) Why is it important that employees have stretch work capabilities?

A) New ventures have constantly changing demands

B) Code bases require extensive debugging

C) It assists with training new members

D) Social capital is highly important to building a new venture

13) It is important to have a balance of star employees and good supporting talent, as supporting talent is more likely to be loyal to the organization.

14) According to John Doerr, what is the most important part of a business plan?

A) Team

B) Product

C) Market

D) Funding

15) When are stock options negative for the employee?

A) The market price is below the strike price

B) The market price is above the strike price

C) The options are dilution protected

D) The preferred stock is converted to common stock

16) What is the cognitive dimension of social capital?

A) Overall pattern of relationships

B) Nature of connections

C) Extent to which employees share common values

D) Trust

17) Which is the sum of all types of capital within a company?

A) Human capital

B) Intellectual capital

C) Social capital

D) Organizational capital

18) ________ is the process of legally gathering data about competitors.

A) Competitive intelligence

B) Due diligence

C) Market sizing

D) PMF

19) Information that does not encourage action is not knowledge.

20) You are an engineer at Facebook, and see that there are more clicks on articles related to Trump. You theorize that more Trump articles will mean greater user engagement. This is an example of:

A) Operational learning

B) Unethical efficiency

C) Manipulative marketing

D) Conceptual learning